Meta's (META) answer to Twitter, called Threads, officially launched on Wednesday.
The Threads app, which will be linked to Instagram, will seek to capitalize on Twitter's vulnerabilities under owner and Tesla (TSLA) CEO Elon Musk.
Twitter has been in increasingly dire straits since Musk's takeover. Though Twitter has had its fair share of problems before, the last few months have been especially trying. The company has increasingly lost the trust of advertisers as users contemplate leaving the platform altogether.
Some forecasts have suggested that tens of millions have and will continue to flee Twitter in the aftermath of Musk's acquisition of the company last October. Within the two years following Musk's buyout of Twitter, it's estimated that more than 30 million users will leave the platform, per Insider Intelligence.
The Threads app, which will be linked to Instagram, will seek to capitalize on Twitter's vulnerabilities under owner and Tesla (TSLA) CEO Elon Musk.
Twitter has been in increasingly dire straits since Musk's takeover. Though Twitter has had its fair share of problems before, the last few months have been especially trying. The company has increasingly lost the trust of advertisers as users contemplate leaving the platform altogether.
Some forecasts have suggested that tens of millions have and will continue to flee Twitter in the aftermath of Musk's acquisition of the company last October. Within the two years following Musk's buyout of Twitter, it's estimated that more than 30 million users will leave the platform, per Insider Intelligence.
Meta has launched its Twitter competitor. Here's how it might work out.
Meta's answer to Twitter, called Threads, launched on Wednesday.
finance.yahoo.com